QuadReal Acquires Coveted GTA Industrial Property
1 min read
Global real estate investment, operating and development company QuadReal has scored one of the most significant acquisitions of the year after acquiring a highly sought-after 60-acre industrial property in the Greater Toronto Area. The property at 1700 Derry Road in Mississauga backs onto Toronto Pearson International Airport and fronts onto Dixie Road.
Worth $115 million, the site has an estimated 35 acres of developable land with investors swooning for decades. Ed Lam, Director of Investments at QuadReal, stated, “Lots of investors have been trying to pry it loose for a long time. We’re excited to begin working on this property and look forward to building first-class industrial space in this fantastic location.”
QuadReal worked closely alongside the vendor, a private family that has owned the property for over 70 years, to ensure the transaction would be made with complete transparency.
Read more about QuadReal’s acquisition.
Reference
Wilcox, D. (2021, November 17). Quadreal acquires 'Trophy' 60-acre GTA Industrial Property: RENX - real estate news exchange. RENX. Retrieved November 18, 2021, from https://renx.ca/quadreal-acquires-trophy-60-acre-gta-industrial-property/.
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